Synopsis
On March 28, the Indian stock markets closed the last trading session of FY25 in a dip. Nonetheless, both Sensex and Nifty recorded impressive gains exceeding 5% for the fiscal year. Trading will resume on April 1 after Eid celebrations.Key Takeaways
- Sensex and Nifty gained over 5% in FY25.
- Market sentiment remained weak with more decliners than advancers.
- The midcap and smallcap indices outperformed larger stocks.
- Foreign institutional investors returned as net buyers.
- Indian rupee showed strength against the US dollar.
Mumbai, March 28 (NationPress) The Indian stock markets concluded the final trading session of the current financial year (FY25) on a downward note amidst a day of volatility. Nevertheless, both the Sensex and Nifty recorded an impressive gain of over 5 percent each during FY25.
The Sensex fell by 191.51 points, or 0.25 percent, finishing at 77,414.92, while the Nifty decreased by 72.60 points, equivalent to 0.31 percent, closing at 23,519.35.
Despite the lackluster intra-day performance, both main indices achieved significant annual growth. The Sensex registered a gain exceeding 5.11 percent, while the Nifty saw an increase of 5.34 percent this fiscal year.
Indian stock exchanges will be closed on Monday (March 31) for the Eid celebrations, with trading set to resume on Tuesday (April 1).
The midcap and smallcap sectors outperformed their larger counterparts, with the Nifty Midcap100 increasing by 5.4 percent and the Nifty Smallcap100 rising by 7.48 percent during the fiscal period.
“The recent trading sessions reflect a rebound from prior declines, driven by renewed buying interest from foreign institutional investors (FIIs), who have invested over ₹30,000 crore in the last few trading days, transitioning to net buyers,” noted Krishna Appala from Capitalmind Research.
Appala further noted that domestic institutional investors (DIIs) contributed to market dynamics through a combination of net buying and selling.
Market sentiment remained subdued, with more stocks declining than advancing, as 2,399 shares fell compared to 1,454 gainers, and 116 stocks remained unchanged.
Among the biggest losers for the session were Wipro, IndusInd Bank, Shriram Finance, Cipla, and M&M. In contrast, companies like Tata Consumer, Kotak Mahindra Bank, Apollo Hospitals, ONGC, and ICICI Bank saw gains.
Sector-wise, most indices closed lower except for FMCG and oil & gas, which remained positive. IT, auto, realty, and media sectors were among the poorest performers, declining between 1-2 percent.
The broader market also faced selling pressure. The BSE Midcap index fell by 0.7 percent, while the Smallcap index decreased by 0.4 percent.
The India VIX, known as the fear index, increased by 4.37 percent to close at 12.72 points on Friday, indicating heightened market volatility.
Indian stock markets will remain closed on Monday (March 31) due to the Eid celebrations, with trading resuming on Tuesday (April 1).
In the currency market, the Indian rupee displayed some resilience, ending up by 32 paise at 85.46 per US dollar, compared to Thursday’s closing rate of 85.78.
“Looking forward, positive cues from FIIs are likely to maintain the favorable sentiment for the rupee,” stated Jateen Trivedi from LKP Securities.
Gold prices continued to trade higher in the spot market as tariff concerns persisted, sustaining buying interest. Experts noted that gold prices remain elevated within the range of ₹87,500-₹89,750.
The rupee appreciated sharply by ₹0.30 to 85.45, bolstered by strong FII inflow of ₹11,111 crore, enhancing sentiment and supporting rupee buyers.
